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23.09.2022 / 19:05

(Video) Sri Lanka hopeful for 1st IMF tranche before end of 2022 – Governor

COLOMBO (News 1st) – Sri Lanka is hopeful that the first tranche of the IMF disbursement will be available before the end of 2022, but it depends on cooperation from the creditors and assurances, revealed Central Bank Governor Dr. Nandalal Weerasinghe on Friday (23). He was speaking in an update to creditors forum organized by Clifford Chance and Lazard, the eavyweight financial and legal advisers selected by Sri Lanka for its debt restructuring process.Expected timeline for the Debt Restructuring Process: Central Bank Governor Dr.

Nandalal Weerasinghe Sri Lanka Government Cooper Assurant

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

COLOMBO (News 1st) – Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday (23), laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund (IMF) bailout.Years of economic mismanagement combined with the COVID-19 pandemic have left Sri Lanka in its worst economic crisis since independence from Britain in 1948, causing it to default on its sovereign debt.The Sri Lanka Ministry of Finance said in a statement via legal firm Clifford Chance that an online call on Sept.

Gotabaya Rajapaksa Sri Lanka Britain covid-19 pandemic crisis

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
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